List of documents required for opening a demat account

Author: Libord Brokerage Pvt. Ltd Posted on 20 Oct 2021 12:06:03Comments0

Category : demat account

A Demat account is your storehouse of all the securities. It holds these securities in the digital format. Any trader who wants to trade in the stock market in India needs to open a demat account. Here we take you through the procedure of opening a demat account.

How to open a Demat Account?

First, you need to choose a depository participant which is registered with SEBI. you need to see if the Depository is registered with NSDL or CSDL. You can open a demat account with either of them.
Next up, you need to fill the account opening form and submit the required set of documents.
Then you have to co-operate for the in-person verification where a person from the DP’s office will contact you to verify all the details.
If the verification is successful and the documents submitted are all correct then you receive your Id and Password and the account is opened.

What are the documents required to open a Demat Account?

The set of documents that you need to submit for opening a demat account online are as follows:

1. Income Proof

Income proof documents can be your salary slips, income tax return acknowledgment slips, current 6-month bank account statements etc.

2. Identity Proof

An identity proof can be any government registered document with your photo. List of documents which can be used as Proof of Identity:

Passport
Driving license
Voter’s identity card
Aadhaar card
PAN card

3. Address Proof

An address proof can be any government-issued document which has your address on it. List of documents which can be used as Proof of Address:

Passport
Voter’s identity card
Driving license
Bank passbook or bank statement
Utility bills such as electricity bills or landline phone bills
Leave and license agreement or agreement for sale

4. Bank account Proof

These can be your bank statements, passbooks etc.

5. Passport-sized Photograph

This is mandatory for any application process.

If you are submitting the copies of the above-listed documents, then they need to be duly self-attested. Here we share a list of people who are authorized to attest the documents:

Opening a demat account is a simple procedure. If you want to do share trading, then it is mandatory that you have a demat account.

So now that the List of documents required for opening a demat account are clear, you can open a Demat account online by clicking the below Button.

Open demat account

Libord Broking is one of the leading retail broking houses in India in terms of to trading on NSE/BSE. Libord Broking is a technology-led financial services company providing broking, merchant banking, advisory services, margin funding, Valuation of equity shares, distribution of mutual fund products to its clients under the brand of “Libord”. for more details, call on 022 62782900 / 60 and send mail to inquiry@libord.com

List of documents required for opening a demat account